Page 6 - India Crude Oil

Vedanta's Cairn Oil & Gas gets 3-month extension for Rajasthan oil block

Vedanta's oil and gas arm Cairn has got a further three-month extension of license for its prolific Rajasthan oil block pending settlement of a dispute over $520 million cost recovery

India's crude, gas consumption up but output fell in last 10 years: Report

India is second biggest growth driver of primary energy consumption in the world, behind China.

Covid-19 impact: India crude oil production plummets 5.5% in March

The cumulative crude oil production during 2019-20 was 32.1 million tonne, 5.95 per cent lower than production of 34.2 mt during the corresponding period of last year

One rupee: The interim price at which MCX settled April crude oil contract

Brokers urge exchange and Sebi to work out an amicable price, as over 11,000 lots of open interest in the April contract were standing and couldn't be carried forward or squared off yesterday

Crude to snuff gains from weak rupee, muted global demand to hurt exports

Tourism and hospitality, auto and aviation could see a demand crunch amid coronavirus; earnings from rupee depreciation to export-driven sectors such as IT and pharma could be limited

Modi invites Saudi investment, says India to spend $100 bn on energy infra

The world's third-largest energy consumer is 83 per cent dependent on imports to meet its oil needs and about half its gas needs are shipped from abroad

How crude is losing ground as the biggest strain on India's forex reserves

Electronics, machinery, iron & steel and coal together accounted for just half of India's petroleum import bill in FY14. In FY19, they matched the value of oil imports

Indian crude breaches $60 a barrel; are excise cuts coming?

India imports over 80 per cent of its crude oil requirements which translates to 157.5 crore barrels annually